Removing Trustee and Members from your SMSF There is a good reason in wanting to share your SMSF with others such as your spouse, children, in-laws and business partners. After all, they are expensive to operate and to have the cost divided by up to 6 people makes...
Asset protection is a philosophy and way of life Asset protection is a lifetime pursuit. Asset protection is an ongoing journey. If you are truly ready to start the journey your life changes. Everything you do is tested against the best practice of asset protection....
I want to run a business. What is the best business structure? These are the building blocks of a business structure: company – in trade in its own right company – as trustee of a family trust company – as trustee of a unit trust family trust...
Every year, Australian taxpayers voluntarily pay the Tax Office millions of dollars in “Death Taxes”. Are you going to be one of them? Proper Estate Planning ensures that your estate goes to those you care about, and not the Tax Man. Does a “Simple Will” protect your...
The ATO has just audited my new client’s Div 7A agreement. It did not go well. Many Div 7A Loan agreements are not ‘commercial’ and therefore not valid based on 4 common drafting errors: The Div 7A Loan must be signed as a ‘Deed’ not as an ‘agreement’....
The government does not want to stop your ex-employees from working in their chosen trade or profession. Irrespective of what you put in your Employment Contract: a financial planner can continue to be a financial planner: see Entello v Firooztash [2016] QDC 50) an...
QUESTION: I am building an Employment Contract for my employee. She’s been with me for 6-years (hence the anxiety). I notice there’s no reference to the Award provisions under which she is employed. Does your Employment Contract override the Award provisions? Should...
Q: Why put a termination clause in your Employment Contract: Brett, you strongly recommend termination clauses. We approached the website that normally prepares our Employment Contracts. They don’t use termination notices. I asked them why. They said they were...